Procurement Lead - Chicago, United States - CIBC

Description

Were building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing whats right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit )

We are seeking a highly skilled and detail-oriented Procurement professional to join our organization. As a member of the Procurement team, you will be responsible for managing all aspects of our contractual agreements with assigned suppliers, ensuring compliance, minimizing risks, and maximizing opportunities. Your expertise in contract negotiation, drafting, and administration will be essential in maintaining successful business relationships and protecting the companys interests.

**Job Responsibilities** **:**

+ Contract Execution and Management: Oversee the entire contract lifecycle, from inception to completion, ensuring compliance with legal, regulatory, and company policies. Review, draft, and negotiate various contracts, including vendor agreements, amendments, terminations, and other similar documents., ensuring contracts are inclusive of terms that are most beneficial to CIBA and at the most favorable price possible.

+ Contract Renewals and Amendments: Manage contract renewals, extensions, and amendments in a timely manner. Assess contract performance and propose modifications, as necessary, to meet evolving business needs. Revisit and negotiate favorable pricing during each renewal and amendment activity with suppliers.

+ Risk Assessment and Mitigation: Identify potential risks and liabilities in contracts as they relate to CIBC policies. Provide guidance to Line of Business on contractual terms, negotiation positions, and risk management strategies. Engage with key stakeholders throughout the organization with expertise related to specific contract clauses when suppliers challenge the preferred language proposed by CIBC.

+ Contract Administration: Utilize contract management systems and processes to maintain accurate contract records, and facilitate effective contract management. Track contract performance, obligations, and deliverables to ensure compliance and prompt action.

+ Collaboration and Negotiation: Collaborate closely with internal teams to understand business requirements, negotiate terms, and resolve contract-related issues. Maintain strong relationships with external partners, clients, and vendors to foster effective communication and ensure mutual understanding.

**Job Requirements** **:**

+ Education and Experience: Bachelors degree in business administration, law, or a related field. Previous experience in Procurement, Strategic Sourcing, Contract Negotiator, or similar role is required.

+ Contractual Expertise: In-depth understanding of contracts, contract negotiation, and contract administration. Proven experience in drafting and negotiating various types of contracts.

+ Analytical and Problem-Solving Skills: Ability to analyze complex contractual issues, identify risks, and propose effective solutions. Strong problem-solving skills to address contract-related challenges and conflicts.

+ Communication and Interpersonal Skills: Excellent verbal and written communication skills. Ability to articulate complex legal and commercial terms into easily understandable language. Strong interpersonal skills to collaborate with internal and external stakeholders effectively.

+ Attention to Detail: Meticulous attention to detail to ensure accuracy and completeness of contractual agreements. Ability to review and analyze contracts for potential risks and discrepancies.

+ Organizational and Time Management Skills: Exceptional organizational skills to manage multiple contracts and deadlines simultaneously. Effective time management to prioritize tasks and meet critical timelines.

+ Adaptability: Ability to thrive in a fast-paced, dynamic environment, adapting to changing priorities and requirements.

**What CIBC offers:**

At CIBC, our people are our greatest asset. Youll become part of a diverse community that acknowledges everyones unique talents and empowers teams to do whats right for the client and to do it well. As part of our team, you will:

+ **Thrive:** Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.

+ **Connect:** Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.

+ **Develop:** Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.

+ **Prosper:** Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

California residents your privacy rights regarding your actual or prospective employment )

**What CIBC Offers**

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

+ We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

+ Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

+ We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

**What you need to know**

+ CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-

+ You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

**Job Location**

IL-70 W Madison St, 8th Fl

**Employment Type**

Regular

**Weekly Hours**

40

**Skills**

Archival Databases, Archival Management, Consulting, Corporate Records Management, Detail-Oriented, Fine Arts, Real Estate Management, Researching

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.